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Irish Budget 2021

Minister for Finance Paschal Donohoe announced Ireland’s Budget for 2021 with some major decisions to be made.

With both Brexit and the Covid-19 situation hanging over Ireland it is an extremely difficult time to plan.

But plan the Minister for Finance must, and we as a nation find out what exactly this plan contains.

And with the announcement today, here’s what we know so far about what’s likely to happen.

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PAYE Modernisation

PAYE Modernisation is the modification of the current Pay As You Earn (PAYE) system. It simply means every time a business runs a payroll, they will be required to submit their pay, tax and other deductions, as well as details of employees starting and leaving the business to Revenue.
PAYE Modernisation will allow for real time communication between businesses and Revenue that relates to employee pay and tax deductions. By operating in real-time, Revenue can ensure that the correct tax deduction is being made at the right time for every employee.

PAYE Modernisation will be effective from 1 January 2019.

If you are unsure whether you are an employer, require some clarification or would like to discuss the costs and benefits of our services please contact our IPASS (Irish Payroll Association) qualified payroll technician at

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Budget 2019

This is responsible; this is sensible; this is consistent with maintaining stability in the public finances” said Paschal Donohoe, Minister for Finance and Public Expenditure and Reform, while releasing the – responsible 2019 Budget for a modern and caring Ireland – with additional funding for health and housing.

What does it mean for you and your money?

Much focus was placed on housing, health, social welfare, and income tax reforms.

What are the main changes 2019 Budget

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